Inteco

2023: London court arrests assets of former Inteko top managers

In November 2023, the High Court of London arrested the property of former top managers of Inteko developer Oleg Soloshchansky and Konstantin Edel, as well as Svetlana Strelina for £24.8 million in England and Wales. The case is related to the claim of the Trust over the cancellation of the sale of the developer at auction in 2021. Read more here.

2022: Trust Bank sold Inteko to Alexey Tulupov's Sminex for RUB 38 billion.

In December 2022, Trust Bank sold Inteko developer to Sminex Alexei Tulupov for 38 billion rubles.

2021

Cyprus court bans auction to sell company

In November 2021, Trust canceled the auction for the sale of the developer Inteko due to a trial with former managers of Inteko in Cyprus. The auction was banned by a court in Cyprus at the suit of Morden Finance Ruslan Valitov.

Trust put the company up for open auction for 37.4 billion rubles

In September 2021, Trust, a bank of non-core assets, put up Inteko for open auction. The initial price of the asset is 37.4 billion rubles.

2020: Trust consolidates 100% of the company

In October 2020, the Trust non-core assets bank received a share of the Gutseriev family in the Inteko developer. And now he has 100%. In 2017, Inteko's 87.5% stake was consolidated by Rost Bank, which was sanitized through the FCBS and is now affiliated with the Trust.

2019: Rebranding and launching new projects

In 2019, INTECO rebranded and for the first time in 7 years launched new housing projects on the Moscow real estate market (West Garden business-class residential complex and Westerdam comfort-class residential complex).

2018: Inteko shares transferred to Trust Bank

In 2018, INTECO shares were transferred to the Bank of Non-Core Assets, created on the basis of TRUST Bank (PJSC), a Russian financial institution with majority state participation, formed as part of the activities of the Central Bank of the Russian Federation to improve the banking system.

2017: Banking Sector Consolidation Fund gains control of company

In 2017, control over INTECO passed to the Banking Sector Consolidation Fund, which formed a new board of directors of the company.

2010: Resignation of Moscow Mayor Yu. Luzhkov and sale of the company to M. Shishkhanov

Company logo in 2010

After the resignation of Moscow Mayor Yuri Luzhkov, INTECO's capital business suffered damage: in November 2010, information appeared about the initiation by the Investigative Committee of a criminal case on the fact of land fraud in Moscow, at which the company was going to build the Setun Hills complex (Cosmo Park), later the mayor's office canceled orders to build this complex. Also in November 2010, it became known about the sale by the developer of 50% of the complex in the project with the Moscow Wedding Palace in Moscow City to the structures of Viktor Rashnikov, the owner of the Magnitogorsk Metallurgical Plant.

In early September 2011, the sale of INTECO by Elena Baturina was announced, and the structures of entrepreneur Mikail Shishkhanov (co-owner of Binbank) should become the buyer of 95% of the company, and another 5% should be a subsidiary of Sberbank Sberbank Investments. The transaction included 100% of the shares of INTECO CJSC, Patriot CJSC and all production and design structures belonging to them, except for INTECO cement plants. The total amount of the transaction is estimated at $1.2 billion, but taking into account the company's debt, as expected, Baturina will receive only $200 million for INTECO. It was assumed that the transaction should be closed within a month, but in October Viktor Baturin filed a number of lawsuits demanding the recognition of this transaction as illegal and demanding to transfer the rights and obligations of the buyer to it, and the execution of the transaction was postponed. As a result, the owner of the company changed only in December 2011.

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